Susquehanna Bancshares set a $5.00 price objective on Noble (NYSE:NE) in a research report report published on Friday. The brokerage currently has a hold rating on the oil and gas company’s stock.

Several other analysts have also recently weighed in on NE. Cowen set a $5.00 price objective on shares of Noble and gave the stock a hold rating in a research note on Thursday, January 11th. Piper Jaffray Companies reaffirmed an underweight rating on shares of Noble in a research note on Thursday, January 11th. UBS Group raised shares of Noble from a neutral rating to a buy rating and upped their price objective for the stock from $4.00 to $6.00 in a research note on Monday, September 25th. ValuEngine lowered shares of Noble from a sell rating to a strong sell rating in a research report on Sunday, December 31st. Finally, Jefferies Group set a $6.00 target price on shares of Noble and gave the stock a buy rating in a research report on Thursday, January 4th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the company. Noble presently has an average rating of Hold and a consensus price target of $5.41.

Shares of Noble (NYSE:NE) traded up $0.15 during trading on Friday, reaching $5.77. 10,661,300 shares of the company’s stock traded hands, compared to its average volume of 9,613,289. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $1,410.00, a PE ratio of -0.79 and a beta of 2.34. Noble has a 1 year low of $3.14 and a 1 year high of $7.76.

Noble (NYSE:NE) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.36). The firm had revenue of $266.20 million for the quarter, compared to analysts’ expectations of $269.61 million. Noble had a negative net margin of 136.22% and a negative return on equity of 3.94%. The company’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) earnings per share. equities analysts expect that Noble will post -1.18 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group lifted its holdings in Noble by 159.0% in the third quarter. Schroder Investment Management Group now owns 1,408,446 shares of the oil and gas company’s stock valued at $6,395,000 after buying an additional 864,600 shares during the period. BNP Paribas Arbitrage SA increased its stake in Noble by 23.0% in the third quarter. BNP Paribas Arbitrage SA now owns 268,117 shares of the oil and gas company’s stock valued at $1,233,000 after purchasing an additional 50,085 shares in the last quarter. State Street Corp increased its stake in Noble by 31.7% in the second quarter. State Street Corp now owns 22,444,196 shares of the oil and gas company’s stock valued at $81,248,000 after purchasing an additional 5,405,697 shares in the last quarter. Northern Trust Corp increased its stake in Noble by 33.8% in the second quarter. Northern Trust Corp now owns 3,337,639 shares of the oil and gas company’s stock valued at $12,082,000 after purchasing an additional 843,007 shares in the last quarter. Finally, Contrarius Investment Management Ltd increased its stake in Noble by 21.7% in the third quarter. Contrarius Investment Management Ltd now owns 6,631,412 shares of the oil and gas company’s stock valued at $30,504,000 after purchasing an additional 1,184,494 shares in the last quarter. Institutional investors and hedge funds own 86.98% of the company’s stock.

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About Noble

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

Analyst Recommendations for Noble (NYSE:NE)

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